Change and decision making is a common term in organizations and businesses. Decisions are affective in placing the organization ahead of the pack and also enables it perform successfully. Change is inevitable in any field or process in life. We have to undergo changes but the question is; what significance does the change have on the overall performance of the organization? What are the requirements for the changes in terms of resources? Changes are made by managers to increase their performance in the market which increases their market share in their existing markets and exploit the emerging markets effectively.

Decision making in businesses is effective in propelling towards achieving its short term and long term objectives. There are a number of techniques used in decision making but the most commonly used which most businesses use is group dynamics. Group dynamics is a characteristic of any group that is useful in achieving the objectives of the group; providing solution to towards the objectives of the subject company.

Problems are unexpected outcomes in any business establishment and they cannot be avoided. They only thing that businesses can do about it is identifying the problem, identifying the root causes and developing a sustainable solution. Sustainability of the solutions ensures that the problem or related problem is well managed. It also ensures that the problem is identified early before causing problems to business operations. In this paper, the process of investigating and solving a problem is discussed.

Leadership as we know it has changed, with deeper engagement necessary for the engagement of employees. Autocratic power exercised by leaders has diminished in the knowledge economy, where employees hold the knowledge capital of the organisation, engaging at a deeper level helps in leadership. Leadership by directing is gone, and this has been replaced by leadership by engagement. The leadership styles that are most popular – transactional and transformational are discussed, and it is observed that the latter style is more effective in the post-modern era. As leaders are decision makers, the efficacy of making decisions that are suitable or beneficial to most of the followers is viewed as a success criterion. Therefore, leaders must develop a plan to reduce information asymmetry within organisations and develop a consultative and participative system of generating opinions when making decisions. Such approaches help the leader in mitigating the risks involved in analysing diverse ideas and also by taking people into confidence of the constraints that are there in the decision to be made.

Entrepreneurs are often confused with business owners. Entrepreneurs create new businesses through new ideas and create new business models. Entrepreneurs are innovators of the market. The theories behind finding the crucial element in entrepreneurship have been discussed, and we can say that the Misesian school of thought that postulates that the entrepreneur is defined by taking a risk and overcoming such risk. An entrepreneurial opportunity has to undergo the motivation assessment and the knowledge assessment to understand economic, personal and knowledge objectives can be met through the venture. Entrepreneurs make decisions based on incomplete information and. Therefore, there is a possibility of risk involved in all such decisions. The knowledge of the entrepreneur and heuristics developed through experience help the entrepreneur. While entrepreneurs are core domain experts, they have to be good managers to develop an organisation. Therefore, it is suggested that entrepreneurs adopt modern manpower approaches to engaging with employees and to ensure that the employees are trained and motivated to perform better.